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Sep 25, 2012
09/12
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i remember the first couple of months of the president obama's administration. i ran to the bit, too many things happening too fast. first t.a.r.p., auto industry, stimulus, home modification and the deficits are going up, up, up. so i blew a valve on it. what would it be like to have this president with a lame duck scenario where he has no governor, where he can do without the notion that he has to get re-elected again. do you see this as a big market issue, in terms of dividend taxes, obama care, taxes and higher fees there? >> i most certainly do. i think he's going to try to push his agenda. some people want to look back too the clinton years when he lost big time in the midterms just as obama did. >> november '93. >> clinton gave ground. obama has given no ground. i don't know there's any indication he'll give any ground this time. that's a big mistake if that's the case. i hope not. but it appears that's a real possibility. >> how times have changed. i thought mitt romney had a bit of a -- he could do a bit of a "saturday night live" skit, he had some good
i remember the first couple of months of the president obama's administration. i ran to the bit, too many things happening too fast. first t.a.r.p., auto industry, stimulus, home modification and the deficits are going up, up, up. so i blew a valve on it. what would it be like to have this president with a lame duck scenario where he has no governor, where he can do without the notion that he has to get re-elected again. do you see this as a big market issue, in terms of dividend taxes, obama...
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Aug 14, 2012
08/12
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he's going to criticize the obama administration. and then we jump back on to that campaign plane, leave from denver, go to las vegas where the ryan campaign is going to have an event focusing on housing, and is going to say that because obama has introduced all of this muddled group of policies, it's created an endless series of bailouts for wall street banks. they're going to stick that tag on the obama campaign, as well. so some tough campaigning out here on the campaign trail in colorado and later las vegas today, carl. >> eamon, it's amazing that -- what, 72 hours since he was added to the ticket, people are already talking about the honeymoon being over, about the race to define him, about that appearance in iowa yesterday. i guess that's the speed at which politics moves now. >> you know, the new cycle is just a couple hours now. it's not even a couple days or -- what we're seeing here already is a headline in politico this morning where they've interviewed a bunch of republican establishment types in washington who are very c
he's going to criticize the obama administration. and then we jump back on to that campaign plane, leave from denver, go to las vegas where the ryan campaign is going to have an event focusing on housing, and is going to say that because obama has introduced all of this muddled group of policies, it's created an endless series of bailouts for wall street banks. they're going to stick that tag on the obama campaign, as well. so some tough campaigning out here on the campaign trail in colorado...
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Mar 20, 2012
03/12
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>> i think it will help president obama. i can tell you that. >> we need to come down a lot from that level right there, right? >> yes. you're absolutely right. >> we're also watching the fertilizer space. agram made a bid for vitera. glen forest stepped in. the bid has been accepted. we're seeing shares of agrium move higher on the back of its failed effort to buy vitera. piper saying they like cia. they're saying hold on agrium. >> i've always favored potash. secondly mosaic. this was the group that led us in 2000lele. there were i think led us off a cliff. i never mind when this group goes down. >> couple things to watch given that years and years ago in a life far, far away i actually used to trade fertilizer. some say i -- >> like the stock's miracle grow kind or potash kind. >> some say i still trade fertilizer in a different way. >> different kind. >> watch shipping rates. i know they load up on try bulk carriers. watch the baltic dry index. that drops, ship rates come down. that's profitable. a long time ago, we used
>> i think it will help president obama. i can tell you that. >> we need to come down a lot from that level right there, right? >> yes. you're absolutely right. >> we're also watching the fertilizer space. agram made a bid for vitera. glen forest stepped in. the bid has been accepted. we're seeing shares of agrium move higher on the back of its failed effort to buy vitera. piper saying they like cia. they're saying hold on agrium. >> i've always favored potash....
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Sep 21, 2012
09/12
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what is the foundation of that success by president obama? just run through the numbers in each of the states on who would be better on the economy, remember, that is mitt romney's strong suit. in wisconsin, president obama and mitt romney are essentially even, 45-44. in the state of colorado president obama's got a three percentage point edge, 48-45, and in the state of iowa, president obama leads by four points, 46-42, those leads are not significant for their size, but merely the fact that romney does not have an advantage and carl when you take these three states together they have 25 electoral votes, mitt romney badly needs to take those votes away from obama, because obama beat mccain by a large margin in the electoral college so most of the states both campaigns agree obama will win again, mitt romney has to take states away, there are nine battlegrounds and at this moment, this poll shows that president obama is leading in these three, last week's poll showed another three, ohio, florida, and virginia, obama's leading. so far the only
what is the foundation of that success by president obama? just run through the numbers in each of the states on who would be better on the economy, remember, that is mitt romney's strong suit. in wisconsin, president obama and mitt romney are essentially even, 45-44. in the state of colorado president obama's got a three percentage point edge, 48-45, and in the state of iowa, president obama leads by four points, 46-42, those leads are not significant for their size, but merely the fact that...
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Sep 11, 2012
09/12
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how can you get spending under control when obama care wasn't even part of the equation? >> you cannot fix our long term debt situation without affecting medicare and medicaid. medicare and medicaid combined are going to consume all the revenue in 20 years. that's how fast the programs are growing. but the idea of a simpson bowles formula makes sense to me. that is republicans would generate new revenue not by raising taxes, by limiting deductions and exemptions and democrats would agree to entitlement reform and we all agree to discretionary spending caps. that's the magic formula and health care is the big driver of the debt. so that's what i'm looking for is both parties giving. i want more revenue not from higher tax rates but by eliminating deductions and loopholes and flattening the tax rates and flatten the tax code. >> it should be a very, very engaging season. >> you should be on the panel. you should be in the debate. >> oh, i'll tell what you, i certainly would ask tough questions about the economy. thank you, senator. carl, back to you. >> all right. rick, tha
how can you get spending under control when obama care wasn't even part of the equation? >> you cannot fix our long term debt situation without affecting medicare and medicaid. medicare and medicaid combined are going to consume all the revenue in 20 years. that's how fast the programs are growing. but the idea of a simpson bowles formula makes sense to me. that is republicans would generate new revenue not by raising taxes, by limiting deductions and exemptions and democrats would agree...
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Feb 14, 2012
02/12
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and cover of "the wall street journal," president obama is going to punish the rich. i'm sorry, it's not punish. tax the rich. by the way, definition of rich per law is anybody who makes $200,000 a year, if you're single. that means then you have to pay taxes, mortgage, car loans, what's left? maybe you can pay your bills. when you pass away, you've already paid all your tax, there's inheritance tax. i forgot to tie my shoelaces taxes. all kinds of taxes on top of the fact that you've already paid taxes. you must plan now. and all i'm saying to all of you is coolspringslife has some of the richest clients in the country. and that means must of them are underinsured. you have to plan in advance for charity, for your family, for your friends. how to take care of them when you're gone. do it while you're alive to make sure that they're well taken care of, and you have wonderful questions, because i'm a fascinating person. >> i want to cut to the chase, gene, and enough with the sales pitch. >> you guys sell every day. >> all right. so let me ask you, why do wealthy clien
and cover of "the wall street journal," president obama is going to punish the rich. i'm sorry, it's not punish. tax the rich. by the way, definition of rich per law is anybody who makes $200,000 a year, if you're single. that means then you have to pay taxes, mortgage, car loans, what's left? maybe you can pay your bills. when you pass away, you've already paid all your tax, there's inheritance tax. i forgot to tie my shoelaces taxes. all kinds of taxes on top of the fact that you've...
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Jun 28, 2012
06/12
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the reason is obama, obama care. what you're going to have, i think that's going to set the tone, not what you just mentioned, which is that maybe there will be more jobs created. >> jim, we're going to let you go. thanks for phoning in. >> thank you, guys. appreciate it. >> let's bring in cnbc's john harwood, talk about some of the politics behind this as well. john, we talked about in the last half hour how soon congress could try to repeal. we heard rand paul say that is the next step. how early could a vote come? >> carl, we've heard the week of july 9th from eric cantor, the majority leader, he put out a statement saying the house will vote again to repeal obama care. that vote will go nowhere. it will be instantaneously dead in the senate. it's a gesture on the part of republicans and a reflection of the fact they're going to continue making the argument that this law, which is not overwhelmingly unpopular, but marginally unpopular in the country, is a bad thing, is a tax. that argument, i heard you allude to t
the reason is obama, obama care. what you're going to have, i think that's going to set the tone, not what you just mentioned, which is that maybe there will be more jobs created. >> jim, we're going to let you go. thanks for phoning in. >> thank you, guys. appreciate it. >> let's bring in cnbc's john harwood, talk about some of the politics behind this as well. john, we talked about in the last half hour how soon congress could try to repeal. we heard rand paul say that is...
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Sep 26, 2012
09/12
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it was president obama that led them through bankruptcy. let's not forget secondly that taxpayers are still on the hook for a $25 billion loss out of an $85 billion investment and let's not forget what you had over the last few years is government policies out of the obama administration that will make the auto industry less competitive in the long run because what they have done is made it harder to manufacture in the united states and harder to create jobs here and if we're going to have a u.s. auto industry that is sustainable in the long run, what mitt romney is committed to, we have to change policy and that's what mitt romney will do. >> the argument might ring hollow to someone who is an auto worker in ohio who is suddenly getting more hours, right, the overtime that he hadn't gotten the last three years. >> well, ultimately that's want because of what the president did. we don't believe it is because of what the president did. we believe it is because of the resilience of the american people. the question is what's going to get the
it was president obama that led them through bankruptcy. let's not forget secondly that taxpayers are still on the hook for a $25 billion loss out of an $85 billion investment and let's not forget what you had over the last few years is government policies out of the obama administration that will make the auto industry less competitive in the long run because what they have done is made it harder to manufacture in the united states and harder to create jobs here and if we're going to have a...
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Sep 12, 2012
09/12
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president obama is speaking in the rose garden right now. let's listen in. >> american diplomats and civilians work tirelessly to advance the interests and values of our nation. often they are away from their families. sometimes they brave great danger. yesterday four of these extraordinary americans were killed in an attack on our diplomatic post in benghazi. among those killed was our ambassador, chris stevens, as well as foreign service officer shawn smith. we are still notifying the families of the others who were killed. and today the american people stand united in holding the families of the four american in our thoughts and in our prayers. the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure our diplomats. i've also directed my administration to increase our security at diplomatic posts around the world. and make no mistake, we will work with the libyan government to bring to justice the killers who attacked our people. since our founding, the unit
president obama is speaking in the rose garden right now. let's listen in. >> american diplomats and civilians work tirelessly to advance the interests and values of our nation. often they are away from their families. sometimes they brave great danger. yesterday four of these extraordinary americans were killed in an attack on our diplomatic post in benghazi. among those killed was our ambassador, chris stevens, as well as foreign service officer shawn smith. we are still notifying the...
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Sep 10, 2012
09/12
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now save 50% on banners. >>> president obama
now save 50% on banners. >>> president obama
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Jul 5, 2012
07/12
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still is europe and what is worse is the fiscal cliff as it is coming forward and the obama ruling. >> e dp reporting the private sector jobs would grow by 176,000. >> we cannot have the fed lead us out of a recession. the economy itself has to grow and we're just not seeing that effectively right now. >> the percentage of people inside the stores and look at the prices and then shop online. i think it went up from 10 to 50%. >> 10 to 15 or 50. >> 5-0. we really are in a position where best buy is amazon's show room. >> a look at the s&p 500 at the top of the screen. where he see a slowdown potential at this coming up the second half of the year and probably not enough to be a recession and hopefully enough pent-up demand and activity to begin a resumption of economic growth in 2013. >> keep in mind this stock is selling at 12.75 times consensus earning which is a discount to the market. you add in 117 in cash, it is selling right above 10. it just doesn't make sense, carl. this stock will go much higher probably in the coming years. >>> we begin with breaking news this morning. oil i
still is europe and what is worse is the fiscal cliff as it is coming forward and the obama ruling. >> e dp reporting the private sector jobs would grow by 176,000. >> we cannot have the fed lead us out of a recession. the economy itself has to grow and we're just not seeing that effectively right now. >> the percentage of people inside the stores and look at the prices and then shop online. i think it went up from 10 to 50%. >> 10 to 15 or 50. >> 5-0. we really...
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Jul 9, 2012
07/12
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ammon. >> in just a couple of minutes, we'll hear from president obama himself. he's going to call on congress to extend tax cuts for those making under $250,000 a year. obviously in july of an election year everything the white house does is political, this one is no exception. the president really saw a bad jobs number come out on friday, not encouraging going into campaign scene the height of it. what they are doing is changing the subject, back to an issue of tax fairness. that's an area the white house thinks they can gain traction against the romney campaign. they have been portraying romney as out of touch, a candidate of the rich. this event designed to highlight the contrast. we'll hear the president himself make comments as we say in a few minutes. what we're not going to see here is progress legislatively after the november election. nobody in washington expects anything to get done until the election, until they deal with fiscal cliff issues, end of this year, early next year. >> what this economy really needs is confidence. is there anything you're h
ammon. >> in just a couple of minutes, we'll hear from president obama himself. he's going to call on congress to extend tax cuts for those making under $250,000 a year. obviously in july of an election year everything the white house does is political, this one is no exception. the president really saw a bad jobs number come out on friday, not encouraging going into campaign scene the height of it. what they are doing is changing the subject, back to an issue of tax fairness. that's an...
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Nov 5, 2012
11/12
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you think obama is going to win. explain. >> i know i have disagreements here. >> there's a lot going on in there. do you even have room in there to pick electoral votes of states. >> i have room to talk about the greatest rookie ever in my fantasy league. total vacuum. i feel all of the -- this is my rap. i say swing states all go for obama and that the horse race is made up of people who are not necessarily polled correctly and i think these states are obama states. i'm just saying if it's a swing state, it goes to obama. >> others would say independents skew toward the challenger. some polls may not reflect enthusiasm. >> so happy when we're no lodngr talking about this. god. sorry. >> i'll talk storm then. >> let's talk about netflix poison pill they just put in. that's big. >> that's a great story. >> of course they got that saying we're going to protect shareholders. make sure everybody is okay. >> you can't firebomb that. i'm willing to firebomb the election as a way to -- i really do believe that the swing st
you think obama is going to win. explain. >> i know i have disagreements here. >> there's a lot going on in there. do you even have room in there to pick electoral votes of states. >> i have room to talk about the greatest rookie ever in my fantasy league. total vacuum. i feel all of the -- this is my rap. i say swing states all go for obama and that the horse race is made up of people who are not necessarily polled correctly and i think these states are obama states. i'm just...
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Mar 14, 2012
03/12
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election and the best chance to win this election is to nominate a conservative to go up against barack obama. >> rick santorum is going to take to the missouri caucuses this weekend, to illinois next week, which will be a fascinating test. the first one in the midwest in the new situation with newt gingrich diminishing as a force. rick santorum has always wanted a one-on-one match with mitt romney. he may be about to get it. we'll see whether romney can withstand the test and raise his game, especially in terms of providing a conservative message. >> what makes you think gingrich is any closer to getting out of the race today ? >> i'm not sure he's closer of getting out himself. his deputy said mr. gingrich has been very clear he's going to tampa. didn't sound as if like the campaign staff totally embraced what newt gingrich has said is his intention. so my point is newt gingrich can keep flying around the country, keep making speeches but the attention that he gets from voters, from donors, from the news media gets smaller and smaller if people see that he really doesn't have a realistic ch
election and the best chance to win this election is to nominate a conservative to go up against barack obama. >> rick santorum is going to take to the missouri caucuses this weekend, to illinois next week, which will be a fascinating test. the first one in the midwest in the new situation with newt gingrich diminishing as a force. rick santorum has always wanted a one-on-one match with mitt romney. he may be about to get it. we'll see whether romney can withstand the test and raise his...
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Sep 6, 2012
09/12
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i think he made obama's case better than obama made his case. i disagree with about half of what egtsd, but i always did. i always regarded clinton -- let's hear this. >> i don't know if it is sound full. >> it may be good. what is good politics does not -- >> see, here is the only place i really disagree with clinton. clinton talked about working together, about i forget, not as much partisanship, and he said let's work together. that is the one thing that bill clinton did with republicans and accomplished a lot, and we had excellent growth during the clinton years. okay? it is in my opinion the one thing he has not done. he doesn't get along with congressional leaders. he doesn't get along with his own party much less republicans and i thought that was the key difference and a very weak spot. maybe clinton is saying to obama you ought to take my cue and work with these guys because we have big problems. that surely, mr. obama has not demonstrated any cooperation in this game. >> that is raising a lot of eyebrows. if clinton is your alpha surro
i think he made obama's case better than obama made his case. i disagree with about half of what egtsd, but i always did. i always regarded clinton -- let's hear this. >> i don't know if it is sound full. >> it may be good. what is good politics does not -- >> see, here is the only place i really disagree with clinton. clinton talked about working together, about i forget, not as much partisanship, and he said let's work together. that is the one thing that bill clinton did...
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Apr 16, 2012
04/12
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one is dramatically higher taxes to pay for obama care and obama's larger government. the other is to get rid of obama care, bring back obama's overspending and not raise taxes as a percentage of gdp. >> i think this is a worldwide franchise that is undervalued that the federal reserve didn't do any favors for. >> caterpillar is down in a straight line. i think this is a line in a sand that maybe cat is done, done going down. >> there you have it. the opening bell ringing on this monday morning on wall street. >> can you imagine what happens if p gasoline goes down? we see brent peaking. if gasoline is going down, we are going to see another big move up in retail. >> home builder sentiment drops three points in april to 25 on the national association of home builder sentiment index. >> i think citi was probably a bit aggressive. when you factor out earnings potential and you go out over the next three to five years, the buildup in excess capital at citi is greater than jpmorgan. >> good morning. welcome to the third hour of "squawk on the street." let's get a check on
one is dramatically higher taxes to pay for obama care and obama's larger government. the other is to get rid of obama care, bring back obama's overspending and not raise taxes as a percentage of gdp. >> i think this is a worldwide franchise that is undervalued that the federal reserve didn't do any favors for. >> caterpillar is down in a straight line. i think this is a line in a sand that maybe cat is done, done going down. >> there you have it. the opening bell ringing on...
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Apr 19, 2012
04/12
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he says that there is going to be more mud slinging if not from obama from the super pacs. more to come later this afternoon. >> okay. interesting stuff. thank you so much. straight ahead this morning we'll sit down with none other than the ceo of morgan stanley, james gorman in a first on cnbc interview with david faber on the back of the company's blowout first quarter this morning. stick around. [ female announcer ] e-trade was founded on the simple belief that bringing you better technology helps make you a better investor. with our revolutionary new e-trade 360 dashboard you see exactly where your money is and what it's doing live. our e-trade pro platform offers powerful functionality that's still so usable you'll actually use it. and our mobile apps are the ultimate in wherever whenever investing. no matter what kind of investor you are, you'll find the technology to help you become a better one at e-trade. [ male announcer ] while others are content to imitate, we'll continue to innovate. the lexus rx. why settle for a copy when you can own the original? see your le
he says that there is going to be more mud slinging if not from obama from the super pacs. more to come later this afternoon. >> okay. interesting stuff. thank you so much. straight ahead this morning we'll sit down with none other than the ceo of morgan stanley, james gorman in a first on cnbc interview with david faber on the back of the company's blowout first quarter this morning. stick around. [ female announcer ] e-trade was founded on the simple belief that bringing you better...
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Dec 11, 2012
12/12
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i'm quoting president obama when he was senator obama, bad economic times is not the time to raise taxes on anyone. then why are we raising taxes -- >> the people are for it. we should extend the middle class tax cut and not the -- >> i don't want to be rude, but congressman garrett from new jersey and congressman from new jersey. >> thank you for being here. >> this mission continues. we've got much more from capitol hill. this morning, at 10:00, senator mark warner, and 11:00 a.m. former white house chief of staff, i remember when he was working in the private sector. now it's time for my co-anchor to come in. >> jim, i can't tell if you're having fun down there or not. you tweeted this morning that -- >> you call this fun? >> yeah. >> i'll tell you one thing, guys, listening to that conversation, a few minutes before the opening bell, front page of the "washington post," investors aren't waiting for a deal. they're selling stock, they're trying to sell homes. they're setting up shelters, gifts for taxes. this discussion is not academic by any stretch of the imagination. >> we have to
i'm quoting president obama when he was senator obama, bad economic times is not the time to raise taxes on anyone. then why are we raising taxes -- >> the people are for it. we should extend the middle class tax cut and not the -- >> i don't want to be rude, but congressman garrett from new jersey and congressman from new jersey. >> thank you for being here. >> this mission continues. we've got much more from capitol hill. this morning, at 10:00, senator mark warner,...
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Dec 10, 2012
12/12
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president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the republican unity. that suggests we may be getting to the next phase of negotiations. the latest sign was possible corker, the senator from tennessee, who was on our air just a few minutes ago, as you know, saying republicans should concede ground on top tax rates and then get on to other issues. >> the best place for republicans to be, to me, is to pass the rate of rate increases, be done with it, the numbers aprobably much smaller than is going to ultimately be negotiated, and then we still are focused on the right thing, which is entitlement changes. >> and that may be what john boehner and president obama are discussing yeste
president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the republican unity. that suggests we...
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Feb 22, 2012
02/12
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for that we start with president obama's tax plan. he's expected to propose to cut the tax rate, but with the lower rate would come the we're going to break down which sectors will benefit. christie to buffett says shut up. if the billionaire wants to pay more to the government, he said be my guest, write a check. >>> relief over a bailout disappears. as melissa just told you, and greek stocks the question is what about the credit default swaps? >> disappointing earnings last night. saying don't chase the 24% rally. what does this mean to hewlett packards? >> if you're randing stevenson, it means you're going to get a pay chuck. we'll have the details. >>> later the the plan would you believe revenue neutral. it's been out is there for some time. we say ceos say it's unfair given the corporate tax rates where they are happy to go, because they are far lower. >> i think the problem is as soon as you hear something about taxes, you say forget it. i think it's interesting. that's something santorum was talking about. is this the presiden
for that we start with president obama's tax plan. he's expected to propose to cut the tax rate, but with the lower rate would come the we're going to break down which sectors will benefit. christie to buffett says shut up. if the billionaire wants to pay more to the government, he said be my guest, write a check. >>> relief over a bailout disappears. as melissa just told you, and greek stocks the question is what about the credit default swaps? >> disappointing earnings last...
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Apr 30, 2012
04/12
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that's the reality of where we are with the tax breaks that obama put on the table, particularly for r & d. it's nowhere near the statutory 35%. they're not paying 35%. and tech is paying far less. i think apple is probably one of the tech companies maying the most actually. >> it's interesting to see where the anger is directed. the anger is drekirected at corporations when it's the government who's passed all the lays. the loopholes are there for a reason. >> think about every tax season when you talk to your tax adviser who asks you if you're in television what you spent on clothes or did you have your teeth whitened or something? >> right. >> you claim your teeth whitening? >> i never have. but that was asked. the point is, people work very hard when it comes to their own taxes and then -- >> there's a difference between paying 35%, 40%, tax if you live in manhattan or 8% than if you live in nevada. it is on a different scale. >> if you're in a small business and your tax adviser says, i think we can get you a lower rate if you open a safe deposit box in nevada, you would say, no
that's the reality of where we are with the tax breaks that obama put on the table, particularly for r & d. it's nowhere near the statutory 35%. they're not paying 35%. and tech is paying far less. i think apple is probably one of the tech companies maying the most actually. >> it's interesting to see where the anger is directed. the anger is drekirected at corporations when it's the government who's passed all the lays. the loopholes are there for a reason. >> think about every...